Strategy in bull run: Time to book profits, protect equity market gains

Sell and bring allocations back to original levels in those segments of your portfolio that have become bloated

With the Sensex closing above 80,000 on July 4, retail investors' mood is buoyant, even euphoric. Experts say there is a need to tread with caution in such an environment.    

Several positive drivers are supporting this rally. “Currently, the Nifty or the Sensex looks slightly at a premium compared to historical standards. But that is supported by good macros (sound GDP growth, government sticking to fiscal discipline) and the expectation of a decent monsoon. Both domestic consumption and capex — including the Make in India story across sectors like railways, defence and heavy engineering — are doing